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Side-by-side financial comparison of ON Semiconductor (ON) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.1× SEALED AIR CORP). ON Semiconductor runs the higher net margin — 16.4% vs 3.1%, a 13.3% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $257.7M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs -12.3%).
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
ON vs SEE — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.4B |
| Net Profit | $255.0M | $43.8M |
| Gross Margin | 37.9% | 28.6% |
| Operating Margin | 17.0% | 11.4% |
| Net Margin | 16.4% | 3.1% |
| Revenue YoY | -10.0% | 2.6% |
| Net Profit YoY | -32.9% | 700.0% |
| EPS (diluted) | $0.63 | $0.30 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.9B | $1.3B |
| Q4 25 | $255.0M | $43.8M | ||
| Q3 25 | $170.3M | $255.1M | ||
| Q2 25 | $-486.1M | $93.1M | ||
| Q1 25 | — | $113.5M | ||
| Q4 24 | $379.9M | $-7.3M | ||
| Q3 24 | $401.7M | $91.7M | ||
| Q2 24 | $338.2M | $98.3M | ||
| Q1 24 | $453.0M | $82.0M |
| Q4 25 | 37.9% | 28.6% | ||
| Q3 25 | 37.6% | 29.8% | ||
| Q2 25 | 20.3% | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | 45.2% | 30.0% | ||
| Q3 24 | 45.4% | 30.1% | ||
| Q2 24 | 45.2% | 31.2% | ||
| Q1 24 | 45.8% | 30.3% |
| Q4 25 | 17.0% | 11.4% | ||
| Q3 25 | 13.2% | 13.8% | ||
| Q2 25 | -39.7% | 15.0% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | 23.7% | 11.7% | ||
| Q3 24 | 25.3% | 13.9% | ||
| Q2 24 | 22.4% | 15.4% | ||
| Q1 24 | 28.2% | 14.0% |
| Q4 25 | 16.4% | 3.1% | ||
| Q3 25 | 11.6% | 19.0% | ||
| Q2 25 | -33.6% | 7.0% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | 22.1% | -0.5% | ||
| Q3 24 | 22.8% | 6.9% | ||
| Q2 24 | 19.5% | 7.4% | ||
| Q1 24 | 24.3% | 6.2% |
| Q4 25 | $0.63 | $0.30 | ||
| Q3 25 | $0.41 | $1.73 | ||
| Q2 25 | $-1.15 | $0.63 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | $0.88 | $-0.05 | ||
| Q3 24 | $0.93 | $0.63 | ||
| Q2 24 | $0.78 | $0.67 | ||
| Q1 24 | $1.04 | $0.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9B | $344.0M |
| Total DebtLower is stronger | $3.4B | $3.3B |
| Stockholders' EquityBook value | $7.9B | $1.2B |
| Total Assets | $13.0B | $7.0B |
| Debt / EquityLower = less leverage | 0.43× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9B | $344.0M | ||
| Q3 25 | $2.8B | $282.5M | ||
| Q2 25 | $3.0B | $354.4M | ||
| Q1 25 | — | $335.2M | ||
| Q4 24 | $3.0B | $371.8M | ||
| Q3 24 | $2.8B | $386.0M | ||
| Q2 24 | $2.7B | $388.6M | ||
| Q1 24 | $2.6B | $352.8M |
| Q4 25 | $3.4B | $3.3B | ||
| Q3 25 | $3.4B | $4.0B | ||
| Q2 25 | $3.4B | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | $3.4B | $4.2B | ||
| Q3 24 | $3.4B | $4.3B | ||
| Q2 24 | $3.4B | $4.4B | ||
| Q1 24 | $3.4B | $4.5B |
| Q4 25 | $7.9B | $1.2B | ||
| Q3 25 | $7.9B | $1.2B | ||
| Q2 25 | $8.0B | $953.1M | ||
| Q1 25 | — | $797.9M | ||
| Q4 24 | $8.8B | $624.5M | ||
| Q3 24 | $8.6B | $771.2M | ||
| Q2 24 | $8.3B | $650.1M | ||
| Q1 24 | $8.1B | $598.3M |
| Q4 25 | $13.0B | $7.0B | ||
| Q3 25 | $13.1B | $7.1B | ||
| Q2 25 | $13.3B | $7.2B | ||
| Q1 25 | — | $7.0B | ||
| Q4 24 | $14.1B | $7.0B | ||
| Q3 24 | $13.9B | $7.3B | ||
| Q2 24 | $13.7B | $7.3B | ||
| Q1 24 | $13.5B | $7.2B |
| Q4 25 | 0.43× | 2.65× | ||
| Q3 25 | 0.43× | 3.34× | ||
| Q2 25 | 0.42× | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | 0.38× | 6.72× | ||
| Q3 24 | 0.39× | 5.62× | ||
| Q2 24 | 0.41× | 6.81× | ||
| Q1 24 | 0.42× | 7.49× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $418.7M | $293.6M |
| Free Cash FlowOCF − Capex | $372.4M | $257.7M |
| FCF MarginFCF / Revenue | 24.0% | 18.5% |
| Capex IntensityCapex / Revenue | 3.0% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.64× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $418.7M | $293.6M | ||
| Q3 25 | $184.3M | $165.9M | ||
| Q2 25 | $602.3M | $136.6M | ||
| Q1 25 | — | $31.9M | ||
| Q4 24 | $579.7M | $244.2M | ||
| Q3 24 | $465.8M | $170.5M | ||
| Q2 24 | $362.2M | $188.2M | ||
| Q1 24 | $498.7M | $125.1M |
| Q4 25 | $372.4M | $257.7M | ||
| Q3 25 | $106.1M | $119.6M | ||
| Q2 25 | $454.7M | $93.2M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | $434.8M | $185.1M | ||
| Q3 24 | $293.6M | $115.2M | ||
| Q2 24 | $207.7M | $129.5M | ||
| Q1 24 | $276.3M | $78.0M |
| Q4 25 | 24.0% | 18.5% | ||
| Q3 25 | 7.2% | 8.9% | ||
| Q2 25 | 31.5% | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | 25.2% | 13.6% | ||
| Q3 24 | 16.7% | 8.6% | ||
| Q2 24 | 12.0% | 9.7% | ||
| Q1 24 | 14.8% | 5.9% |
| Q4 25 | 3.0% | 2.6% | ||
| Q3 25 | 5.3% | 3.4% | ||
| Q2 25 | 10.2% | 3.3% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | 8.4% | 4.4% | ||
| Q3 24 | 9.8% | 4.1% | ||
| Q2 24 | 8.9% | 4.4% | ||
| Q1 24 | 11.9% | 3.6% |
| Q4 25 | 1.64× | 6.70× | ||
| Q3 25 | 1.08× | 0.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | 1.53× | — | ||
| Q3 24 | 1.16× | 1.86× | ||
| Q2 24 | 1.07× | 1.91× | ||
| Q1 24 | 1.10× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
